lyons - Investment & Finance Definition

A type of zero-coupon bond instrument that is
convertible into equity. The product allows corporations to raise cash by
issuing debt, pay lower interest rates than they would with ordinary debt, and
earn a tax break. LYONS were invented by Merrill Lynch executive Thomas H.
Patrick in the mid-1980s. Other Wall Street firms have their own brand of liquid-yield option notes.

Sentence Examples

The oldest form of his story is found in the Passio ascribed to Eucherius, bishop of Lyons, c. 450, who relates how the "Theban" legion commanded by Mauritius was sent to north Italy to reinforce the army of Maximinian.

After studying the arts at Toulouse and law at Orleans and Bologna, he became a canon at Bordeaux and then vicar-general to his brother the archbishop of Lyons, who in 1294 was created cardinal bishop of Albano.

At Bordeaux Bertrand was formally notified of his election and urged to come to Italy; but he caused his coronation to take place at Lyons on the 14th of November 1305.

The ascent from Chamonix is now frequently made in summer (rarely in winter also), but, owing to the great height of the mountain, the view is unsatisfactory, though very extensive (Lyons is visible).